CRAI

CRA International,Inc.

97.95
USD
2.13%
97.95
USD
2.13%
78.35 116.71
52 weeks
52 weeks

Mkt Cap 723.05M

Shares Out 7.38M

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Here's Why You Should Hold FLEETCOR (FLT) in Your Portfolio

FLEETCOR Technologies, Inc.’s FLT shares have gained 5% over the past six months against 19.7% decline of the industry it belongs to. The company has an expected long-term (three to five years) earnings per share growth rate of 15.8%. Its earnings are expected to register growth of 18.6% in 2022 and 11.9% in 2023. Factors That Bode Well FLEETCOR’s top line continues to grow organically, driven by continued strong sales, robust retention levels and healthy same-store sales. The company’s organic revenue growth was 15% in the first quarter of 2022. FleetCor Technologies, Inc. Revenue (TTM) Acquisitions, over time, have helped FLEETCOR expand its customer base, headcount and operations. The company recently announced that it has agreed to acquire UK-based cross-border payments provider, Global Reach Group. The acquisition is expected to strengthen FLEETCOR’s global position as a non-bank cross-border provider by increasing its scale of payments. It is anticipated to be immediately accretive after completion. The recent acquisition of Levarti is expected to strengthen FLEETCOR’s airline-lodging business, which reserves multiple hotel rooms for global airlines’ crews and disrupted passengers every year. Levarti’s MAX mobile apps offer passengers an end-to-end digital experience from check-in, on-flight contactless payments, baggage tracking and claims. FLEETCOR has a track record of returning value to shareholders through share repurchases. In 2021, 2020 and 2019, it repurchased shares worth $1.4 billion, $849.9 million and $694.9 million, respectively. Some Risks FLEETCOR has more long-term debt outstanding than cash. Cash and cash equivalent balance at the end of first-quarter 2022 was $2.1 billion compared with long-term debt level of $4.4 billion. Zacks Rank and Stocks to Consider FLEETCOR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Some better-ranked stocks in the broader Zacks Business Services sector are Avis Budget Group CAR,Cross Country Healthcare CCRN and CRA International CRAI. Avis Budget sports a Zacks Rank #1 at present. CAR has a long-term earnings growth expectation of 19.4%. Avis Budget delivered a trailing four-quarter earnings surprise of 102%, on average. Cross Country Healthcare sports a Zacks Rank of 1 at present. CCRN has a long-term earnings growth expectation of 6.9%. Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 29.2%, on average. CRA International carries a Zacks Rank #2 (Buy), currently. CRAI has a long-term earnings growth expectation of 14.3%. CRAI delivered a trailing four-quarter earnings surprise of 35.8%, on average. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors See 5 EV Stocks With Extreme Upside Potential >> Click to get this free report Charles River Associates (CRAI): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report FleetCor Technologies, Inc. (FLT): Free Stock Analysis Report Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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